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Jan 1, 2013
01/13
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the fiscal cliff. but can it pass the house later this morning. plus: celebrations marred by violence. gunshots strike multiple revelers in francisco. and it's out with the old an with 2013.. security was tight as people packed times square to ring in the new y we've got some of the best celebrations around the wor. join us for cbs 5 eyewitness news this morning... beginng at 4:30. good morning. it's tuesday, january 1st, 20-13. happy n year! ,,,, >>> here's a look at the weather in some cities around the country. rain and snow in washington, 44 degrees. rain in atlanta, 56. occasional sun in st. louis, 26. partly sunny in denver, 30. partly sunny in seattle, 42 degrees. >>> top stories now on tuesday. the senate averted the fiscal cliff passing a bill early this morning. now president obama is calling on the house to pass it without delay. the deal avoids tax hikes and spending cuts that were to go into effect at midnight. >>> secretary of state hillary clinton is spending a second night in a new york hospital. she's being treated for a blood clo
the fiscal cliff. but can it pass the house later this morning. plus: celebrations marred by violence. gunshots strike multiple revelers in francisco. and it's out with the old an with 2013.. security was tight as people packed times square to ring in the new y we've got some of the best celebrations around the wor. join us for cbs 5 eyewitness news this morning... beginng at 4:30. good morning. it's tuesday, january 1st, 20-13. happy n year! ,,,, >>> here's a look at the weather in...
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Jan 1, 2013
01/13
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senate approved a deal to avoid the fiscal cliff this morning. rene marsh is live with what will probably happen after the house reconvenes this morning. good morning, rene. >> reporter: good morning, tori. they should be on capitol hill about in 15 minutes. what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the
senate approved a deal to avoid the fiscal cliff this morning. rene marsh is live with what will probably happen after the house reconvenes this morning. good morning, rene. >> reporter: good morning, tori. they should be on capitol hill about in 15 minutes. what we're learning this morning something all of the house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could --...
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Dec 31, 2012
12/12
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KGO
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crucial meetings happening this morning to keep the country from going over that fiscal cliff. >>> big break in mysterious murder of a south bay millionaire. >>> health care for secretary of state clinton. new d ñ this december 31st, new year's eve, the last day of 2012, we are starting out you can see in this live picture from the embarcadero looking across the bay, it is a frosty but clear and dry start just looking at that you know tv set the picture, you can probably tell the chill that is out there. thanks for joining us i'm kristen sze >>> and i'm katie marzullo in for eric thomas. we'll hand it over to mike. >>> issue out there, black ice on san pablo dam road near inspiration point may have caused accident. not only frosty conditions but the possibility of black ice this will happen again tomorrow morning coolest morning will be wednesday something to think about. here's a look at live doppler, high clouds have moved on, hitting our coldest temperatures of the morning now, that means 30s in a lot of areas around the bay to 44 in san francisco, mid to upper 40s at noon, low! 50
crucial meetings happening this morning to keep the country from going over that fiscal cliff. >>> big break in mysterious murder of a south bay millionaire. >>> health care for secretary of state clinton. new d ñ this december 31st, new year's eve, the last day of 2012, we are starting out you can see in this live picture from the embarcadero looking across the bay, it is a frosty but clear and dry start just looking at that you know tv set the picture, you can probably tell...
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Dec 26, 2012
12/12
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>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't like is uncertainty. apple released a new product and there will be another new product. >> now that you got them under the christmas tree. a man who has been right predicting apple products before a 5th generation ipad will look like the mini but some what thinner narrower and shorter than a regular ipad so not as small. apple is working on another generation of the ipad mini. it could be two new products. >> we could have just wasted our money at christmastime. >> sales were down from what was expected. >> yeah, the holiday shopping season a disappoin
>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't...
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Dec 31, 2012
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. >>> congress continues to bicker hours to the fiscal cliff. we go live to . >>> good morning 5:29 on this monday the last one of 2012. thanks for waking up and joining us this early morning i'm kristen sze. >>> and i'm katie marzullo in for eric thomas. last night of 2012 if you are going to be out in the bay area probably a big coat, mike? >> definitely breast warmly, don't worry about any wet weather. good morning. as we look at live dopplerwq[ú, picking up dry air, also seeing high clouds put another halo around the moon earlier this morning, beautiful sight we've had several times over the last week. not fog forming but frost out there watch out for that during the morning hours. this afternoon under partly cloudy skies, upper 40s to low 50s mostly sunny bay and inland low to mid 50s how about traffic if there is any. >>> mass transit is what we can talk the most about, no delays across the board. there is no ace train today or tomorrow. muni on a saturday schedule today. all mass transit offering extended hours to get you home for new ye
. >>> congress continues to bicker hours to the fiscal cliff. we go live to . >>> good morning 5:29 on this monday the last one of 2012. thanks for waking up and joining us this early morning i'm kristen sze. >>> and i'm katie marzullo in for eric thomas. last night of 2012 if you are going to be out in the bay area probably a big coat, mike? >> definitely breast warmly, don't worry about any wet weather. good morning. as we look at live dopplerwq[ú, picking up...
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Dec 31, 2012
12/12
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. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promi
. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain...
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Dec 31, 2012
12/12
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a meeting is set as lawmakers work to avoid the fiscal cliff. but the clock is winding down. i don't know about you, but i'm so tired of talking about this. >> i feel the exact same way. >> just go over the cliff, get something done so we can stop talking about it. >>> a chilly end to 2012. it is cold out there. old man winter reminding us what time of year it is. a large part of the nation will ring in the new year with temperatures below freezing. >> we wouldn't know anything about that because it is hot as -- >> in the studio you mean. >> yes. >> maybe it's warm because i have my new slippers on that rob got me. >> that's not fair. >> you can put them in the microwave. >> really? >> yes. >>> but if warm, sunny skies are more your style, pasadena is the place to be. we'll take you behind the scenes of the annual rose parade to see how an army of volunteers build the majestic floats that smell so good. >> pasadena is more my style this time of year. >>> we begin with hillary clinton. the 65-year-old secretary of state is in a new york hospital suffering from a blood clot. >>
a meeting is set as lawmakers work to avoid the fiscal cliff. but the clock is winding down. i don't know about you, but i'm so tired of talking about this. >> i feel the exact same way. >> just go over the cliff, get something done so we can stop talking about it. >>> a chilly end to 2012. it is cold out there. old man winter reminding us what time of year it is. a large part of the nation will ring in the new year with temperatures below freezing. >> we wouldn't...
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Dec 31, 2012
12/12
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goes over the fiscal cliff. >>> if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. elizabeth corridan is monitoring the situation and brings us the latest. --reporter pkg-as follows -- " as we gather with so much work undone, guide our lawmakers with your wisdom." the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hiatus. with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>> "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." >> reporter: a major sticking point continu
goes over the fiscal cliff. >>> if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. elizabeth corridan is monitoring the situation and brings us the latest. --reporter pkg-as follows -- " as we gather with so much work undone, guide our lawmakers with your wisdom." the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hiatus. with less than 48- hours until...
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Dec 31, 2012
12/12
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KRON
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we are a few hours away from the so- called fiscal cliff. lawmakers will meet in about three hours to try and meet the midnight deadline. we will let you know all about that. before we get to that let us get outside and show you the san mateo bridge. a lot of people are off today. a lot of others heading to work. you can see cars moving along the bridge no problems. >> an ailing former president gets a big dose of medimiracle medicine. >> the oak ridge boys serenade for president george bush. he was admitted a month ago for bronchitis. last week he was described as having a stubborn fever >> barbara bush reached out to the oak ridge boys and gave a concert to one of their biggest fans over the phone spirit we as to what you want to hear in very quickly he said elvira. >> we sank some of it. and then one of his all-time favorites amazing grace. >> the first installment of of hobbit movie trilogy of one in $33 million in ticket sales. clinton tarantino django and change came in second. les miserable was third. >> people are afluter over the ka
we are a few hours away from the so- called fiscal cliff. lawmakers will meet in about three hours to try and meet the midnight deadline. we will let you know all about that. before we get to that let us get outside and show you the san mateo bridge. a lot of people are off today. a lot of others heading to work. you can see cars moving along the bridge no problems. >> an ailing former president gets a big dose of medimiracle medicine. >> the oak ridge boys serenade for president...
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Dec 31, 2012
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caller: good morning. we're getting ready to go over the fiscal cliff today. how do we stop the various players by increasing our overloaded military budget and at the same time keep america safe? we have not had anything happen /11.merica since 9 and 1 how do we move forward and the be reasonable about the budgetary issues and still keep america safe and home? guest: but an excellent question. articles that i wrote in foreign affairs magazine in november/december issue discusses the new paradigm of relying on these special operations forces ability to work with other countries forces. that is a much more cost- effective way of the u.s. looking to regarded as national security interests but also help these countries deal with their own problems so that they don't become direct threats to the u.s. i looked at two specific examples, colombia and latin america, the philippines in asia. where these forces working with the philippines and colombians over number of years were able to really address those security threats successfully. i think there's a large consens
caller: good morning. we're getting ready to go over the fiscal cliff today. how do we stop the various players by increasing our overloaded military budget and at the same time keep america safe? we have not had anything happen /11.merica since 9 and 1 how do we move forward and the be reasonable about the budgetary issues and still keep america safe and home? guest: but an excellent question. articles that i wrote in foreign affairs magazine in november/december issue discusses the new...
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Jan 1, 2013
01/13
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speaker, the house passed a fiscal cliff bill this morning without time for senators to adequately consider it. and more importantly without giving the american people time to understand it and share their incite with congress. senator mitch mcconnell said, quote, this shouldn't be the model for how we do things, end quote. and the senate boasts it is america's deliberative body. today that claim rings hollow. mr. speaker, the house must postpone this vote until the american people have time to evaluate this extraordinary complex legislation around its impact on taxes, revenue, the economy, our debt and a myriad of other issues. it is better to get it right than to act in haste. mr. speaker, if we vote on the senate fiscal cliff bill today, i will vote against it because this is not the way to do the people's business. i will not condone with my vote a process that denies the american people an opportunity to participate in their republic on issues of this magnitude. mr. speaker, i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from orego
speaker, the house passed a fiscal cliff bill this morning without time for senators to adequately consider it. and more importantly without giving the american people time to understand it and share their incite with congress. senator mitch mcconnell said, quote, this shouldn't be the model for how we do things, end quote. and the senate boasts it is america's deliberative body. today that claim rings hollow. mr. speaker, the house must postpone this vote until the american people have time to...
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Dec 31, 2012
12/12
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>>> this morning on "world news now," new year's eve, the 11 9 hour, reaching a decision on the fiscal cliff. not yet. >> lawmakerks not find common ground, and we will all be paying taxes come tomorrow. it is monday, december 31. >> from abc news, this is "world news now." >> good morning, everybody, i'm john muller in for rob nelson. >> good to have you here. >> great to be here. >> i'm paula faris. a little later this morning, lawmakers are going to make a last-ditch effort to make a compromise. here's the latest on the talks in just a moment. but first, a look at some of the other stories. a health scare for hillary clinton. the secretary of state is hospitalized this morning after doctors discover a blood clot. we'll have the latest on her condition. >>> also this morning, a different kind of contract for a young iphone user, what this teen's mom is making him agree to before he's allowed to talk or text. >> i think it's fantastic parenting by the way. >>> a huge weekend in nfl action. the bitter end for some teams. >> yeah. >> bears. and the beginning of playoff hopes for others,
>>> this morning on "world news now," new year's eve, the 11 9 hour, reaching a decision on the fiscal cliff. not yet. >> lawmakerks not find common ground, and we will all be paying taxes come tomorrow. it is monday, december 31. >> from abc news, this is "world news now." >> good morning, everybody, i'm john muller in for rob nelson. >> good to have you here. >> great to be here. >> i'm paula faris. a little later this morning,...
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Dec 31, 2012
12/12
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KPIX
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trying to avoid the fiscal cliff. if there's no agreement by midnight and we go over the cliff, economists predict america will go back into a recession. >> here's what will happen starting tomorrow. income taxes would increase $2,400 a year for families with an annual income of $50,000 to $75,000. their social security taxes would also go up on average $1,000 a year. and some 2 million jobless americans stand to lose their fed caleral unemployment benefits. in all, the congressional budget office says going over the cliff could cost the country more than 3 million jobs in 2013. we begin our coverage with nancy cordes on capitol hill. good morning. >> reporter: good morning. the senate is set to reconvene in about an hour. we're told negotiations progressed well last night, that the vice president is now heavily involved and that the two sides have moved significantly towards one another on the top issue, which is tax cuts. but the big question is whether they can make it the rest of the way before tonight's deadline.
trying to avoid the fiscal cliff. if there's no agreement by midnight and we go over the cliff, economists predict america will go back into a recession. >> here's what will happen starting tomorrow. income taxes would increase $2,400 a year for families with an annual income of $50,000 to $75,000. their social security taxes would also go up on average $1,000 a year. and some 2 million jobless americans stand to lose their fed caleral unemployment benefits. in all, the congressional...
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Dec 30, 2012
12/12
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to avoid the fiscal cliff, or as chris hayes and i call it, the fiscal curve. the deadline is soft. it's not like every american is going to be handed a bill on january 1st and there's way to manage the damage if the country goes over. the senate is set to convene this afternoon with the house to follow tonight. there's a chance that a compromise will be reached, less than 48 hours before tax rates revert to their clinton dasher are levels and board across the board spending cuts talk effect. when the president took to the podium friday afternoon to urge the law enforcements to get their act together with he didn't exactly project confidence. >> this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> this may be why the president also said that if senate leaders can't produ
to avoid the fiscal cliff, or as chris hayes and i call it, the fiscal curve. the deadline is soft. it's not like every american is going to be handed a bill on january 1st and there's way to manage the damage if the country goes over. the senate is set to convene this afternoon with the house to follow tonight. there's a chance that a compromise will be reached, less than 48 hours before tax rates revert to their clinton dasher are levels and board across the board spending cuts talk effect....
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Dec 30, 2012
12/12
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now instead of road construction it reads, fiscal cliff ahead. >> a winter storm is dumping snow over the northeast and part office ohio. a tractor-trailer and several other cars collided in the snow on interstate 83 just outside harrisburg pennsylvania. there have been more than 450 flight cancellations. >> lots of people are takinged a a advantage of the snow. check out this kid in canada. only 18 months old but is already moving quickly on his little snowboard, pacifier and all. >>> just ahead, the popular tv shows -- the show illegally downloaded the most. >> thank you for calling the state disability insurance program. >> the i-team reveals why one state agency is too busy to take your calls. >> clear sky, light winds, dryer air, temperatures in the mid-30s, in our north a >> ama: if you've called the state unemployment insurance line recently and you didn't get through to an agent. a recent report says 84% of calls were never picked up and it's not the only state phone system with problems. here's an abc-7 news iteam vicious. >> this is how jim matthews spent the last month. >>
now instead of road construction it reads, fiscal cliff ahead. >> a winter storm is dumping snow over the northeast and part office ohio. a tractor-trailer and several other cars collided in the snow on interstate 83 just outside harrisburg pennsylvania. there have been more than 450 flight cancellations. >> lots of people are takinged a a advantage of the snow. check out this kid in canada. only 18 months old but is already moving quickly on his little snowboard, pacifier and all....
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Dec 30, 2012
12/12
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now instead of road construction it reads, fiscal cliff ahead. >> a winter storm is dumping snow over the northeast and part office ohio. a tractor-trailer and several other cars collided in the snow on interstate 83 just outside harrisburg pennsylvania. there have been more than 450 flight cancellations. >> lots of people are takingedef a advantage of the snow. check out this kid in canada. only 18 months old but is already moving quickly on his little snowboard, pacifier and all. >>> just ahead, the popular tv shows -- the show illegally downloaded the most. >> thank you for calling the state disability insurance program. >> the i-team reveals why one state agency is too busy to take your calls. >> clear sky, light winds, dryer air, temperatures in the mid-30s, in our north a >> ama: if you've called the state unemployment insurance line recently and you didn't get through to an agent. a recent report says 84% of calls were never picked up and it's not the only state phone system with problems. here's an abc-7 news iteam vicious. >> this is how jim matthews spent the last month. >>
now instead of road construction it reads, fiscal cliff ahead. >> a winter storm is dumping snow over the northeast and part office ohio. a tractor-trailer and several other cars collided in the snow on interstate 83 just outside harrisburg pennsylvania. there have been more than 450 flight cancellations. >> lots of people are takingedef a advantage of the snow. check out this kid in canada. only 18 months old but is already moving quickly on his little snowboard, pacifier and all....
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Dec 31, 2012
12/12
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KRON
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also the latest on the fiscal cliff with michael yaqui. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is self-imposed, it started two years ago. this is what they came up with. >> they have had a lot of time to look at this and a lot of people are thinking about the marche's curiosity. we want to send congress to mars right now with what's going on. my bet is we will not get a deal tonight, probably tomorrow. it expires that is okay. right now they are haggling over whether is going to be $450,000 tickets taxes or not. the democrats still want the employment extension and everyone wants the dock fixed which is the medicare reimbursement issue. they want to fix the amt patch which
also the latest on the fiscal cliff with michael yaqui. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is...
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Dec 27, 2012
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. >> clayton: we'll have much more on that and what the fiscal cliff means with some of those numbers. we'll dive into some of the taxes we'll all be paying. because it's going to get scary. we were talking a little bit with stuart varney about some of the taxes that you'll pay no matter what regarding that payroll tax hike that you're going to see. everyone is going to get hit. that's not even part of the discussion, hasn't even been put on the table this morning. >> juliet: speak of scary, based on what happened in newtown and what's happened in other schools around the country, parents understandably are scared. educators are concerned about security in schools. let's go to utah where the teachers will be getting weapons training today. and arizona's attorney general plans to have trained or principal trained with a gun inside the school. basically they're not saying they want the teachers to go roaming the halls with a gun. but this is like the last standr classroom. >> clayton: the first response are how are they going to allow guns in utah. in utah, one of the few states that al
. >> clayton: we'll have much more on that and what the fiscal cliff means with some of those numbers. we'll dive into some of the taxes we'll all be paying. because it's going to get scary. we were talking a little bit with stuart varney about some of the taxes that you'll pay no matter what regarding that payroll tax hike that you're going to see. everyone is going to get hit. that's not even part of the discussion, hasn't even been put on the table this morning. >> juliet: speak...
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Dec 31, 2012
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KTVU
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still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a plan by midnight tonight tax rates for all americans will increase. >> if there is an ultimate compromise, there will be parts of it i find disgusting and rep hencable which i may have to swallow in the name of finding a compromise. >> reporter: how will this effect you come tomorrow morning? if there is not a deal reach there won't be a drastic change in your next paychecks. if this plays out long-term the average american middle class family stands to lose out on $2,000 to $3,000 over the next year due to the increased taxes. live in washington kyla c
still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a...
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Dec 31, 2012
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the fiscal cliff deadline is looming. congress house and have a few hours left to reach a to stop potentially devastating tax hikes and spending cuts from taking effect. we will have an in-depth report few moments.just a and now a check on traffic. 118 in germantown, it looks like this all morning. no delays southbound. l head onto a map. we had an ongoing cleanup near the air force base. the lanes have been reopened. everything is looking pretty good. we will head to springfield. traffic moving smoothly north. here is a look at the weather. >> a little bit on the cool side. need playersy today. cold is here. the 21 in manassas, 29 degrees in washington d.c.. if the clouds are filtering in. they will thicken up throughout the day. average between 42 and 46. >> thank you. l have another local news coming up at 8:56 on this new year's eve morning. [ cheers and applause ] >>> all right. we have great crowd outside counting down to the new year. the party is already starting in here. >> a little bit. >> ron claiborne, dan abr
the fiscal cliff deadline is looming. congress house and have a few hours left to reach a to stop potentially devastating tax hikes and spending cuts from taking effect. we will have an in-depth report few moments.just a and now a check on traffic. 118 in germantown, it looks like this all morning. no delays southbound. l head onto a map. we had an ongoing cleanup near the air force base. the lanes have been reopened. everything is looking pretty good. we will head to springfield. traffic...
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Dec 31, 2012
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. >>> now to the latest on the fiscal cliff. just a matter of hours until we officially go over the edge. law maikers scrambling this morning to put together an 11th hour compromise or we'll be ringing in higher taxes with the new year. jonathan karl is in washington. >> reporter: good morning, dan. the taxes are set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teerts on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the big es threat to our american economy is our american congress. >> reporter: leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying, he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i placed a
. >>> now to the latest on the fiscal cliff. just a matter of hours until we officially go over the edge. law maikers scrambling this morning to put together an 11th hour compromise or we'll be ringing in higher taxes with the new year. jonathan karl is in washington. >> reporter: good morning, dan. the taxes are set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teerts on the edge of the fiscal cliff, there is...
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. >>> kelly o'donnell is on capitol hill this morning with all the details of the fiscal cliff. >> good morning and happy new year, andrea. frantic rush of negotiations leading through this holiday. there has been a breakthrough that could affect everyone's pocketbook, but it happened with time nearly running out. three hours before the midnight deadline and the vice president arrived on capitol hill. >> happy new year. did you think we would be here new year's eve? >> reporter: joe biden moved from key negotiator to his pa y party's closer, meeting behind closed doors with fellow democrats to make his case for his package. >> you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money and number two, you surely shouldn't predict how the house is going to vote. >> reporter: instead of sweeping tax increases for everyone, new higher rates would hit those making over $400,000 a year, $450,000 for couples. plus higher rates on savings, investments and large inheritances. overall, tax increases of about $600 billion over ten years. both parties comp
. >>> kelly o'donnell is on capitol hill this morning with all the details of the fiscal cliff. >> good morning and happy new year, andrea. frantic rush of negotiations leading through this holiday. there has been a breakthrough that could affect everyone's pocketbook, but it happened with time nearly running out. three hours before the midnight deadline and the vice president arrived on capitol hill. >> happy new year. did you think we would be here new year's eve?...
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we look for the last-ditch effort to avoid the fiscal cliff. even though the president is returning on thursday, we may not see the senate roll out its bill to deal with the fiscal cliff. perhaps for a couple of days. this is entirely possible we've learned from sources as senate majority leader harry reid works to get republican support in the senate, which he will need if he's going to pass a bill. and so we're still waiting to see exactly what it will look like that the white house wants for the threshold on income tax rates to cut off at $250,000. we will see if that ultimately is what senate majority leader reid rolls out. as of this point in time, we're expecting this to be a limited measure to deal just really with the fiscal cliff, which was supposed to be appear incentive to deal with the long-term fiscal health of the country. not part of this, obviously looking at a big package. >> can you do this even if everything goes right? getting through the two houses. i don't think the house is anywhere near -- they couldn't get a million col
we look for the last-ditch effort to avoid the fiscal cliff. even though the president is returning on thursday, we may not see the senate roll out its bill to deal with the fiscal cliff. perhaps for a couple of days. this is entirely possible we've learned from sources as senate majority leader harry reid works to get republican support in the senate, which he will need if he's going to pass a bill. and so we're still waiting to see exactly what it will look like that the white house wants for...
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in fact, i was raiding a report this morning that the fiscal cliff has hit for many businesses because they're having to finalize their payrolls for 2013. what are you hearing to the leaders that you're talking to? >> i call it a curve and i think it's not as big a deal as a lot of other people think because ultimately something is going to happen. and what should happen is no plan b. for plan b to go is crazy. and they should go for the big plan or no plan whatsoever because what's going to happen is taxes will go up and then all of these republicans that signed the so-called pledge are going to be able to reduce taxes, and therefore, they haven't violated their pledge because they'll be reducing taxes. not increasing them. a deal will be made. but it's got to be the right deal. regardless of cliff or curve, it's got to be the right deal. we have to get this country back on track. and it is just so incredible what is taking place. i've been watching this and you've been watching it and been reporting on it very well for years. this isn't just something that's taking place now. this ha
in fact, i was raiding a report this morning that the fiscal cliff has hit for many businesses because they're having to finalize their payrolls for 2013. what are you hearing to the leaders that you're talking to? >> i call it a curve and i think it's not as big a deal as a lot of other people think because ultimately something is going to happen. and what should happen is no plan b. for plan b to go is crazy. and they should go for the big plan or no plan whatsoever because what's going...
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back to the fiscal cliff and what it means for the economy. speaking of the other shoe dropping. early this morning the senate passing a bill. what is in it and what happens when it hits the house later today? joining us stephen moore, senior writer for "wall street journal" happy new year. good to see you. >> you too, rick. rick: what do you think?. >> you ask a question what is in the bill. a lot of members don't know. rick: they're probably reing it right now. >> i was up to the wee hours of the morning trying to read the 150 page bill. amazing little items. tax give aways for nascar, for the wind industry, for biodiesel, for movie producers. those are small items. but the big items are the taxes that will affect 100 million americans. and you know, there were a lot of rate changes everything from the capital gains rate to the estate tax, to the dividend tax and of course personal income, tax rates. rick: was there, anything, steve, that jumped out at you specifically when you were reading it this morning you thought, gee, i can't believe the be republicans went for that, or i
back to the fiscal cliff and what it means for the economy. speaking of the other shoe dropping. early this morning the senate passing a bill. what is in it and what happens when it hits the house later today? joining us stephen moore, senior writer for "wall street journal" happy new year. good to see you. >> you too, rick. rick: what do you think?. >> you ask a question what is in the bill. a lot of members don't know. rick: they're probably reing it right now. >>...
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they had a few things to say about the fiscal cliff. >> good morning. i am lamar alexander. this is my colleague. merry christmas to you. i have a few comments and then i will introduce senator corker. when the dust settles and everything is said and done individual income taxes are not going to go up for almost all americans next year. that will be settled this weekend or it will be settled after the first of the year. that is the most important point for americans to know. almost all americans when the dust -- that will be settled this weekend or will be settled after the first of the year. that is the most important point for americans to know. for almost all americans, individual taxes will not go up next year. all the talk is about taxes, but the talks should be about what we want to talk about today, the medicare fiscal cliff, the looming bankruptcy. there are millions of americans who are counting the days until they are eligible for medicare. it would be a tragedy if when they get to that day they become eligible there's not enough money to pay the bills. according t
they had a few things to say about the fiscal cliff. >> good morning. i am lamar alexander. this is my colleague. merry christmas to you. i have a few comments and then i will introduce senator corker. when the dust settles and everything is said and done individual income taxes are not going to go up for almost all americans next year. that will be settled this weekend or it will be settled after the first of the year. that is the most important point for americans to know. almost all...
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as we reported before the commercial break, senate majority leader harry reid says no fiscal cliff vote planned for tonight because the democrats have not been able to come up with a counter offer. they're arguing amongst themself, the senate plans to be back at 11:00 a.m. eastern tomorrow morning. but they're still in their offices with their staff. they're tending to other business we're told while we wait. we want to bring in susan, the chief congressional correspondent for the washington examiner. we've heard -- first, what do the republicans want? >> they'd like a bill that keeps taxes low for all income earners. they're not going to to go that to they want to keep the threshold as high as possible. president obama initially suggested $250,000 or above should see an increase. that number will probably be maybe 400,000, 500 thousands, but republicans want to see spending cuts. today they talked about changing the way social security benefits would be administered over time and save money, entitlement reform. that's off the table so republicans are saying where are we going off spend
as we reported before the commercial break, senate majority leader harry reid says no fiscal cliff vote planned for tonight because the democrats have not been able to come up with a counter offer. they're arguing amongst themself, the senate plans to be back at 11:00 a.m. eastern tomorrow morning. but they're still in their offices with their staff. they're tending to other business we're told while we wait. we want to bring in susan, the chief congressional correspondent for the washington...
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obama this morning as washington lawmakers try to avoid the fiscal cliff and dramatic images of a plane as it flies off the runway and breaks apart. and you'll hear from a surfer lucky to be alive after being attacked multiple times pie a -- by a shark and from honey boo boo to little league to gangnam style, a look back at the year in pop culture ahead on "today." >> our forecast today? >> we are keeping an eye on stronger winds coming in out of the northwest. temperatures hovering into 40 degrees in the afternoon. possibly an icy mix new year's eve. >> jason, thanks so much for joining us. that's all the time we have for now. nbc's "today show" is next. we'll have an update at 8:25. >> this is a wbal-tv 11 editorial with dan joerres. >> as we come to the close of another year, we think of our loved ones who are sacrificing their lives for our liberty and pursuit of happiness. we take our regularly scheduled editorial time to share greetings from those in the military to families in maryland. they will also be available on wbaltv.com, click on editorials. from the wbal-tv 11 family to
obama this morning as washington lawmakers try to avoid the fiscal cliff and dramatic images of a plane as it flies off the runway and breaks apart. and you'll hear from a surfer lucky to be alive after being attacked multiple times pie a -- by a shark and from honey boo boo to little league to gangnam style, a look back at the year in pop culture ahead on "today." >> our forecast today? >> we are keeping an eye on stronger winds coming in out of the northwest....